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Investors: Pro/Non-Pro Definitions

Non-Professional Active Investor (TAL Non-professional/Professional Agreement) - You are considered a non-professional if in your individual and personal capacity, you are not a principal, officer, partner, employee or agent of any business nor on behalf of any other individual. You are neither a registered or qualified with the Securities and Exchange Commission, ("SEC"), the Commodities Futures Trading Commission, any state securities agency, any securities exchange or association, or any commodities or futures contract market or association. You are not engaged as an "investment adviser" as that term is defined in Section 202(a)(11) of the Investment Advisers Act of 1940 (whether or not registered or qualified under that act), nor employed by a bank or other organization exempt from registration under Federal and/or state securities laws to perform functions that would require him/her to be so registered or qualified if he/she were to perform such functions for an organization not so exempt.

Professional Active Investor (TAL Non-professional/Professional Agreement) - You are considered a professional if in your individual and personal capacity you are a principal, officer, partner, employee or agent or are a company using data to gain any information other than the price of your own company. You are registered or qualified with the Securities and Exchange Commission, ("SEC"), the Commodities Futures Trading Commission, any state securities agency, any securities exchange or association, or any commodities or futures contract market or association. You are engaged as an "investment adviser" as that term is defined in Section 202(a)(11) of the Investment Advisers Act of 1940 (whether or not registered or qualified under that act), or employed by a bank or other organization exempt from registration under Federal and/or state securities laws to perform functions that would require him/her to be so registered or qualified if he/she were to perform such functions for an organization not so exempt.

Warning! Professional investors who subscribe as non-professionals risk having their real-time rights on any quote system revoked by the exchanges. If you are a pro, please do not attempt to subscribe as a non-pro.

Terra Nova Futures is a division of Terra Nova Trading, L.L.C.®
All securities and futures offered by Terra Nova Trading, L.L.C. member NASD, NFA, SIPC, PCX & ISE.
Copyright© 2004 Terra Nova Trading, L.L.C. All rights reserved.

MarketWise Trading School and Terra Nova Trading, L.L.C. share common ownership.

RealTick® graphics used with permission of Townsend Analytics, Ltd.© 1986-2004 Townsend Analytics, Ltd. All rights reserved.
RealTick is a registered trademark of Townsend Analytics, Ltd.

Please Note: "The risk of loss in electronic active investing can be substantial. You should, THEREFORE, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources."

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